Crude oil price of Indian Basket declines

Source :

Last Updated: Tue, Feb 19, 2013 14:03 hrs

New Delhi, Feb 19 (IBNS) The international crude oil price of Indian Basket as computed/published on Tuesday by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas went down to US$ 114.39/barrel (bbl) on Feb 18.

This was lower than the price of US$ 114.49/bbl prevailing on the previous trading day of Feb 15.

In rupee terms, however, the crude oil price of increased to Rs 6,210.23/bbl on Feb 18 as compared to Rs 6,181.32/bbl on Feb 15.

This was due to rupee depreciation.

Rupee dollar exchange rate on Feb 18 at Rs 54.29/US$ against Rs 53.99/US$ on previous trading day of Feb 15.